Lot 132
    Flat
    Flat 4
    34A Geldeston Road, Hackney, London, E5 8SB
    £110,000+
    Guide Price (plus fees)
    Number 1
    A First Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £7,200 Per Annum with Potential to Increase the Rent.

    Description

    The property comprises a first floor studio flat situated within an end of terrace building arranged over lower ground, ground and two upper floors.

    Tenure

    Leasehold. The property is held on a 99 year lease from 21st November 2016 (thus approximately 91 years unexpired).

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of North Millfields Recreation Ground are within easy reach. Transport links are provided by Clapton overground station and Lea Bridge rail station.

    Accommodation

    First Floor
    Studio Room with Kitchenette
    Bathroom

    Tenancy

    The property is subject to an Assured Shorthold Tenancy at a rent of £600 per calendar month.

    Note

    In 2019, the flat was rented out for £1,190 per calender month.

    EPC Rating

    D

    Addendum

    Please note that this property is subject to a Buyers Premium of 1.5% plus VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
    There are no internal viewings
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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